Paycom Software (NYSE:PAYC) Stock Rating Upgraded by StockNews.com

Paycom Software (NYSE:PAYCGet Rating) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other research firms have also weighed in on PAYC. KeyCorp dropped their target price on shares of Paycom Software from $432.00 to $405.00 in a report on Wednesday, May 3rd. Piper Sandler cut their price objective on Paycom Software from $417.00 to $399.00 in a research report on Wednesday, May 3rd. Credit Suisse Group reduced their target price on Paycom Software from $430.00 to $375.00 in a research note on Wednesday, May 3rd. Citigroup lifted their price target on shares of Paycom Software from $357.00 to $361.00 in a report on Thursday, May 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Paycom Software from $400.00 to $370.00 in a report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Paycom Software has an average rating of “Moderate Buy” and an average price target of $368.53.

Paycom Software Price Performance

PAYC stock opened at $268.51 on Friday. The firm has a 50 day moving average of $286.15 and a 200-day moving average of $305.64. The firm has a market capitalization of $16.19 billion, a P/E ratio of 50.38, a price-to-earnings-growth ratio of 1.79 and a beta of 1.41. Paycom Software has a 12 month low of $255.82 and a 12 month high of $402.78. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02.

Paycom Software (NYSE:PAYCGet Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The software maker reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.06. Paycom Software had a net margin of 20.96% and a return on equity of 26.29%. The firm had revenue of $451.64 million for the quarter, compared to analyst estimates of $444.23 million. As a group, sell-side analysts predict that Paycom Software will post 6.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jason D. Clark sold 1,070 shares of Paycom Software stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $278.33, for a total transaction of $297,813.10. Following the completion of the sale, the director now directly owns 4,741 shares of the company’s stock, valued at approximately $1,319,562.53. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 14.50% of the stock is currently owned by insiders.

Institutional Trading of Paycom Software

Several large investors have recently bought and sold shares of PAYC. Scissortail Wealth Management LLC acquired a new stake in Paycom Software during the 1st quarter valued at $251,551,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Paycom Software during the 4th quarter worth about $26,000. Compagnie Lombard Odier SCmA purchased a new position in Paycom Software in the 4th quarter valued at about $26,000. Ridgewood Investments LLC acquired a new stake in shares of Paycom Software during the 1st quarter worth about $26,000. Finally, HHM Wealth Advisors LLC grew its holdings in shares of Paycom Software by 350.0% during the first quarter. HHM Wealth Advisors LLC now owns 90 shares of the software maker’s stock worth $27,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 88.58% of the company’s stock.

About Paycom Software

(Get Rating)

Paycom Software, Inc engages in the provision of cloud-based human capital management (HCM) software solutions delivered as Software-as-a-Service. It offers functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. Its solutions include talent acquisition, time and labor management, payroll, talent management, and human resource management.

See Also

Analyst Recommendations for Paycom Software (NYSE:PAYC)

Receive News & Ratings for Paycom Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paycom Software and related companies with MarketBeat.com's FREE daily email newsletter.